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According to the IFC, there is a potential refinancing gap of $1.8 billion over the next 18 months.
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With the help of the money from refinancing and the tax cut, retail sales surged last month; Gap, Neiman Marcus, Nordstrom and other chains reported some of their best results since last year.
But this conflicts with Treasury's desire to reduce its own exposure to refinancing risk, although floating-rate notes are a promising compromise.Little noticed has been the role of QE in bridging the gap.
Refinancing requires some equity.
Others are refinancing their properties.
Southern California Water District, $59.4 million of revenue and refinancing bonds.
Companies have limited choices for refinancing needs.
Already, refinancing activity appears to be slowing.
Is refinancing worth the upfront costs?
Refinancing might make things worse.
Calpine Loss Narrows, Refinancing Seen Soon.
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